bitcoinmoney.com Archives - 11 December 2012, Tuesday

“Projected to take place on Wednesday [November 28, 2012] at around 18:00 UTC, for the first time ever in Bitcoin history, the rate at which new bitcoins are generated will permanently be cut by a factor of two,” - “[The block reward earned by miners is] the only way that new bitcoins...

Counterfeit Bills A Risk For Local Bitcoin Trading The Christmas holiday season is sometimes referred to as silly season and for good reason — it is a time when there’s a lot of funny money floating around. Law enforcement officials are warning residents and businesses to be on the lo...

New Bitcoin Support With E-Commerce Shopping Cart Platforms Bitcoin-related e-Commerce just got easier. WalletBit has released payment modules that support Magento, osCommerce, ZenCart, and WordPress e-Commerce shopping cart platforms . This is in addition to WalletBit’s existing supp...

But Bitcoin is steadily permeating throughout the world. A business that ships most anywhere finds additional revenues when accepting a globally accessible currency like Bitcoin. Even if Phoenix Arizona doesn’t seem to be a Bitcoin hotspot, Phoenix merchants like Liberty Coin can use ...

“The answer to the currency question may not be to reform government in a way that it can’t reasonably be reformed, but to turn loose entrepreneurial genius to solve the problem. […] This is a particularly risky area. There are currency entrepreneurs sitting in jail for competing with...

“If you combine all black markets of the world together you’ll get a 10 trillion US$ economy, second only to the United States of America. In many developing countries it already comprises large parts of the economy and it is growing faster than the officially recognized gross domesti...

The Gloom Of Central Banking by Tuur Demeester via ZeroHedge, November 4, 2012 BitCoin Seen Through The Eyes Of A Central Banker by Tyler Durden via ZeroHedge, November 4, 2012 ECB: “Roots Of Bitcoin Can Be Found In The Austrian School Of Economics” by Jon Matonis via Forbes.com, Nove...

The 230,400 bitcoins issued which Bitcoin miners took in during the month is valued at $2.70 million using the average daily valuation for the month of $11.72. Miners fared less well in October thanks to a rising difficulty — 15% higher at the end of the month versus the level at the ...

Coinbase Links Bitcoin To Your Bank Account Coinbase, the Bitcoin startup that aims to make Bitcoin as easy to use as PayPal, just took a big step closer to reaching their goal. Just launched is Coinbase’s “linked bank account ” feature which provides an easy way for those in the U.S....

Bidding Service BitMit Put Up For Auction The latest auction listing on the popular Bitcoin-related online bidding service BitMit (@BitMitNet ) is unlike any seen on the site before as the high bid for this listing becomes the new owner of the auction site itself. The operator of BitM...

There is also now the ability to use bitcoins to speculate on the exchange rate of gold through the Gold futures contracts available through ICBIT . Do keep in mind though that ICBit has not registered with any regulators and operates without divulging from which jurisdiction it opera...

Turk: In theory, just leave the gold in the vault and use GoldMoney to click their ownership of gold to someone else, and the gold still stays there. Moreno: Of course. They can’t do that right now. Turk: They can, if they lived in Jersey. We haven’t stopped the payments everywhere. W...

This map of currencies around the world , shared through a Reddit post , features the fiat currency used by each nation. In the title for this post is Circa 2012, as the map has a time component. The currency used by a nation can be changed even without a change to the nation’s border...

While many Bitcoin-related developments originate out of the U.S. (e.g., from CoinBase which just raised a quarter million dollars in funding and from BitInstant which is launching a Bitcoin Mastercard ), Bitcoin is truly a global happening. Bitcoin is a technology. It is a software p...

“‘AUSTRAC is aware that digital currencies, such as those offered by Bitcoin, may become more attractive to criminal groups, particularly in response to tighter regulation and monitoring of established or traditional financial channels by both government and the traditional financial ...

This should come as no surprise. One of the first online services to accept bitcoin was called the Bitcoin Randomizer and it did not hide its function. Randomizer advertised that it would issue payouts to earlier ponzi participants using the proceeds brought in from the most recent co...

The most recent round, Round 8, totals 500 BTC in size. With an exchange rate of nearly $9 USD each, the total valuation of the current round is just under $4,500 USD. A response to the decision was posted in the group’s forum thread by César in which he claims that the offering was n...